Mutual Respect

From your local mortgage and savings experts

For Broker use only

If you are not a mortgage broker, please return to the main home page

Tel: 01635 918000

Request A Call Back

Buy to Let

We can help with the following types of Buy to Let business:

  • Regulated and non regulated
  • Consumer Buy to Let
  • Ex Pat
  • Limited Company

You can apply online for a non regulated Buy to Let. At the moment we cannot accept the other types of Buy to Let business online and you will need to apply using our paper applications. The form can be found here.

If you wish to discuss any aspect of the service or our lending policy or products contact our Intermediary Helpdesk on 01635 918000 or brokerenquiries@newbury.co.uk.

 

Buy to let

Buy To Let

Product Initial Interest
Rate
Period Max
LTV
Fees
Buy to let 3 Year Discount - Purchase Only 3% Variable (Our SVR with a 1.20% discount) 3 Years 75% Purchase: £950
Valuation Fee

A mortgage of £162,000 payable over 15 years initially on our standard variable rate, currently 4.2% with a discount of 1.20% for 36 months giving a current rate payable of 3% and then on our standard variable rate, currently 4.2% for the remaining 12 years would require 36 monthly payments of £407.38 and 144 monthly payments of £570.33 plus one initial interest payment of £133.93.

The total amount payable would be £260,267.13 made up of the loan amount plus interest of £96,927.13, an application fee of £950, a valuation fee of £275 and a MEAF of £115.

The overall cost for comparison is 4% APRC representative.

Buy to let 3 Year Discount - Remortgage Only 3.2% Variable (Our SVR with a 1.00% discount) 3 Years 75%
Remortgage: £950
Valuation Fee

A mortgage of £105,000 payable over 20 years initially on our standard variable rate, currently 4.2% with a discount of 1.00% for 36 months giving a current rate payable of 3.2% and then on our standard variable rate, currently 4.2% for the remaining 17 years would require 36 monthly payments of £282.53 and 204 monthly payments of £370.83 plus one initial interest payment of £27.87.

The total amount payable would be £192,263.27 made up of the loan amount plus interest of £85,848.27, an application fee of £950, a valuation fee £350 and a MEAF of £115.

The overall cost for comparison is 4.2% APRC representative.

Buy to let 5 Year Discount - Purchase Only 3% Variable (Our SVR with a 1.20% discount) 5 Years 75% Purchase: £950
Valuation Fee

A mortgage of £112,000 payable over 29 years initially on our standard variable rate, currently 4.2% with a discount of 1.20% for 60 months giving a current rate payable of 3% and then on our standard variable rate, currently 4.2% for the remaining 24 years would require 60 monthly payments of £282.38 and 288 monthly payments of £395.33 plus one initial interest payment of £9.28.

The total amount payable would be £244,097.12 made up of the loan amount plus interest of £130,807.12, an application fee of £950, a valuation fee of £225 and a MEAF of £115.

The overall cost for comparison is 4% APRC representative.

Buy to let 5 Year Discount - Remortgage Only 3.2% Variable (Our SVR with a 1.00% discount) 5 Years 75%
Remortgage: £950
Valuation Fee

A mortgage of £169,000 payable over 24 years initially on our standard variable rate, currently 4.2% with a discount of 1.00% for 60 months giving a current rate payable of 3.2% and then on our standard variable rate, currently 4.2% for the remaining 19 years would require 60 monthly payments of £450.67 and 228 monthly payments of £591.50 plus one initial interest payment of £59.27.

The total amount payable would be £332,276.47 made up of the loan amount plus interest of £161,961.47, an application fee of £950, a valuation fee £250 and a MEAF of £115.

The overall cost for comparison is 4% APRC representative.


Ex Pat

Product Initial Interest
Rate
Period Max
LTV
Fees
Ex Pat Buy to let 4.2% Variable (Our SVR for the term of the mortgage.) Term 60% Purchase: £1000
Remortgage: £1000
Valuation Fee

A mortgage of £102,000 payable over 15 years on our standard variable rate, currently 4.2% for the mortgage term of 15 years would require 180 monthly payments of £360.50 plus one initial interest payment of £343.71.

The total amount payable would be £168,573.71 made up of the loan amount plus interest of £65,233.71, an application fee of £1,000, a valuation fee of £225 and a MEAF of £115.

The overall cost for comparison is 4.4% APRC representative.


Ltd Company Buy to let

Product Initial Interest
Rate
Period Max
LTV
Fees
Ltd Company Buy to let 3 Year Discount 3.7% Variable (Our SVR minus 0.50% for the first 3 years changing to our SVR for the remainder of the mortgage.) 3 Years 75% Purchase: £1000
Remortgage: £1000
Valuation Fee

A mortgage of £210,000 payable over 25 years initially on our standard variable rate, currently 4.2% with a discount of 0.50% for 36 months giving a current rate payable of 3.7% and then on our standard variable rate, currently 4.2% for the remaining 22 years would require 36 monthly payments of £650.58 and 264 monthly payments of £738.50 plus one initial interest payment of £256.67.

The total amount payable would be £430,031.55 made up of the loan amount plus interest of £218,641.55, an application fee of £1,000, a valuation fee of £275 and a MEAF of £115.

The overall cost for comparison is 4.2% APRC representative.


Affordability Calculator

Our Team

© Newbury Building Society

Tech Help  |  Accessibility  |  Contact Us  |  Connect  |  Site Terms  |  Site Map  |  Privacy

Newbury Building Society is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register number 206077). Registered office: Newbury Building Society, 17 Bartholomew Street, Newbury, Berkshire, RG14 5LY.

English law applies and we will communicate with you in English. We are participants of the Financial Ombudsman Service. We have a complaints procedure which we will provide on request. Most complaints that we cannot resolve can be referred to the Financial Ombudsman Service.

You can check the Financial Services register on the FCA's website.

Close

Request a Call Back

Swoosh

Speak to one of our expert advisers on
01635 918000  or request a call back:

Name:
Phone:
Email:
Preferred Day to Call:
Preferred Time of Day:
 
Are you human? Please enter the text below into the box
captcha image
Click here to get a new image
Call Back